Depending on volunteers is not sustainable, given the regulatory scrutiny that the company will now face, said Julian Klymochko, CEO of alternative investment solutions firm Accelerate Financial Technologies.

“It’s like relying on unpaid labor when the company has nearly a billion dollars in revenue,” he added. Reddit reported revenue of $804 million in 2023, according to an earlier filing.

  • Alice@beehaw.org
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    8 months ago

    Man, sometimes I forget how awful that site could actually be. I just miss the crafting subreddits.

    • Megaman_EXE@beehaw.org
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      8 months ago

      Those kinds of subs were the best. I liked when they weren’t too big, but just big enough to have a steady feed of topics. It felt like a tight knit club